资产(计算机安全)
消费(社会学)
经济
文件夹
永久收入假说
家庭收入
劳动经济学
人口经济学
经济政策
货币经济学
财务
市场流动性
社会学
考古
历史
计算机科学
计算机安全
社会科学
标识
DOI:10.1016/j.asieco.2021.101436
摘要
We find that households reduce their consumption in response to higher economic policy uncertainty (EPU). Compared with lower income households, high income group is more severely affected which can be explained by the portfolio choice of illiquid asset and liquid asset. In addition, the uncertainty effect is more pronounced among older, wealthier, well-educated and urban households. The impact of EPU on household consumption is also persistent. Holding more liquid asset and commercial insurance represent important channels in mitigating the negative effect of EPU on household consumption.
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